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Cardiovascular Devices Market Growth, 2023 global business Insights Report

Submitted by wilsonjohn on Thu, 12/07/2023 - 01:53

The Surgical Sutures Market Growth USD 3.53 billion in 2022 and is projected to reach USD 5.54 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2023 to 2030.
Surgical sutures, also known as stitches, play a crucial role in the field of medicine by facilitating wound closure and promoting healing. As the demand for advanced healthcare solutions continues to rise, the global market for surgical sutures is expected to witness substantial growth in the coming years.
With an increasing number of surgical procedures being performed worldwide, the need for effective wound closure techniques has become paramount. Surgical sutures, being one of the oldest and most widely used methods, are anticipated to experience a surge in demand. Additionally, the growing prevalence of chronic diseases and the rising geriatric population further contribute to the market's expansion.
Moreover, technological advancements in suture materials and techniques have revolutionized the field, enhancing the efficiency and effectiveness of wound closure. The introduction of absorbable sutures, for instance, has significantly reduced the need for suture removal, minimizing patient discomfort and improving recovery outcomes.
Geographically, North America currently dominates the surgical sutures market, owing to the presence of well-established healthcare infrastructure and a high adoption rate of advanced medical technologies. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period, driven by the increasing healthcare expenditure, rising awareness about advanced wound closure techniques, and the growing number of surgical procedures in emerging economies.
In conclusion, the global surgical sutures market is poised for substantial growth in the coming years, driven by the rising demand for advanced healthcare solutions and the increasing number of surgical procedures worldwide. Technological advancements and expanding healthcare expenditure in emerging economies further contribute to the market's expansion.
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Market Segmentation
By Product Type

  • Automated Suturing Devices
  • Sutures

By Material

  • Monofilament
  • Multifilament

By Application

  • Cardiovascular Surgeries
  • General Surgeries
  • Orthopedic Surgeries
  • Other Surgeries

Key Players 
The major key players are Medtronic Plc, B. Braun Melsungen, Peters Surgical, ConMed Corporation, DemeTECH Corporation, Boston Scientific Corporation, Johnson & Johnson, Healthium MedTech and others.
Table of Contents  
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
4.1COVID-19 Impact Analysis
4.2.Impact of Ukraine- Russia war
4.3.Impact of Ongoing Recession on Major Economies
5.Value Chain Analysis
6.Porter’s 5 Forces Model
7.PEST Analysis
8.Cardiovascular Devices Market Segmentation, By Product Type
9.Cardiovascular Devices Market Segmentation, By Material
10.Cardiovascular DevicesMarket, by  Application
11.Regional Analysis
12.Company profile
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